Transcript Budget and Planning Overview - Council of Graduate Students

MICHIGAN STATE
UNIVERSITY
Budget and Planning
Overview
1
Context
Bolder by Design
Financial Framework
Budget
While maintaining credit rating and debt capacity; sufficient working capital and liquidity;
investment performance and endowment; comparability to peer financial composition and
performance
2
MICHIGAN STATE
UNIVERSITY
Budget Planning – Pro forma
2013-14 Final BOT
Approved
2014-15
Preliminary BOT
Approved
Comment/Update
1.82%
2.0%
Monitoring additional support/tuition caps
1.9% Lower Div
3.6% Upper Div
3.0% Lower Div
3.0% Upper Div
Appropriation/tuition caps, alternate
structures
Financial Aid
4.5%
4.0%
As planned
Graduate Assistants
2.0%
2.0%
As planned
2.25%*
2.0%**
Big Ten trending higher/Evaluation of
additional allocation
Utilities
4.0%
4.0%***
Monitor natural gas market
Health Care
1.5%
5.0%
Reviewing necessary increment
Academic Competitiveness
$2.0
$2.0
Under Review
$0
$0
Budget Item
State Appropriations
Tuition & Fees
Faculty Salaries
Balance
Preliminary 2014-15 budget approved by the BOT in June 2013
** Includes 1.5% general merit, 0.75% college market, and 0.5% provost market pool
*Includes 1.5% general merit, 0.5% college market, and 0.5% provost market pool
***Infrastructure financing
3
MSU Revenues:
MICHIGAN STATE
UNIVERSITY
MSU planning requires $17M from two sources
Resident Undergraudate Tuition and Fees: 1% = $3.95M
State Appropriations: 1% = $2.5M
0%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
5.00%
5.50%
6.00%
6.50%
7.00%
7.50%
8.00%
0%
$0
$1
$3
$4
$5
$6
$8
$9
$10
$11
$13
$14
$15
$16
$18
$19
$20
0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00%
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
$3
$5
$7
$9
$11
$13
$15
$17
$19
$21
$4
$6
$8
$10
$12
$14
$16
$18
$20
$22
$6
$8
$10
$12
$14
$16
$18
$20
$22
$24
$7
$9
$11
$13
$15
$17
$19
$21
$23
$25
$8
$10
$12
$14
$16
$18
$20
$22
$24
$26
$9
$11
$13
$15
$17
$19
$21
$23
$25
$27
$11
$13
$15
$17
$19
$21
$23
$25
$27
$29
$12
$14
$16
$18
$20
$22
$24
$26
$28
$30
$13
$15
$17
$19
$21
$23
$25
$27
$29
$31
$14
$16
$18
$20
$22
$24
$26
$28
$30
$32
$16
$18
$20
$22
$24
$26
$28
$30
$32
$34
$17
$19
$21
$23
$25
$27
$29
$31
$33
$35
$18
$20
$22
$24
$26
$28
$30
$32
$34
$36
$19
$21
$23
$25
$27
$29
$31
$33
$35
$37
$21
$23
$25
$27
$29
$31
$33
$35
$37
$39
$22
$24
$26
$28
$30
$32
$34
$36
$38
$40
4
1% Planning Parameters
Expense Variables
Revenue Varaibles
Appropriations
Tuition
Resident Undergraduate
$2.5M
Financial Aid
$1.2M
Faculty Salaries
$3.4M
Graduate Assistants
$0.4M
Coalition Salaries
$2.2M
Health Care
$0.8M
$4.0M
Domestic Non-Resident
$0.9M
International
$1.1M
Other Benefits
$1.0M
Grad/Professional
$2.0M
Utilities
$0.6M
Supplies and Service
$1.0M
University Operations
$0.9M
Other Revenue
($2.8M)
$0.92M
5
Long-Term Financial Framework
Gap Analysis to Inform Long-Range Planning
Update ten-year analysis of critical university areas requiring long-term support
Category
Academic Competitiveness
Computing
Research
Critical Space
Goal/Comment
Advance top 100 status
Academic, student needs
Advance top 100 status
Updated classroom and laboratory space
JIT
Maintain existing space in usable condition
Power and Utilities
Expand supply, meet energy transition goals
Health Care
Monitor ACA impact, bargaining agreements
Financial Aid
Fill $20M donor income gap to peers
6
MICHIGAN STATE
UNIVERSITY
Budget Planning – Pro forma
2013-14 Final
BOT Approved
2014-15
Preliminary BOT
Approved
2015-16
Planning Update
1.82%
2%
2.0%
1.9% Lower Div
3.6% Upper Div
3.0% Lower Div
3.0% Upper Div
3.0% Lower Div
3.0% Upper Div
Financial Aid
4.5%
4.0%
4.0%
Graduate Assistants
2.0%
2.0%
2.0%
2.25%*
2.0%**
2.0%**
Utilities
4.0%
4.0%***
4.0%***
Health Care
1.5%
5.0%
5.0%
Academic Competitiveness
$2.0
$2.0
$2.0
$0
$0
$0
Budget Item
State Appropriations
Tuition & Fees
Faculty Salaries
Balance
Preliminary 2014-15 budget approved by the BOT in June 2013
** Includes 1.5% general merit, 0.75% college market, and 0.5% provost market pool
Comment/Update
Big Ten trending higher/Evaluation
of additional allocation
Under review
*Includes 1.5% general merit, 0.5% college market, and 0.5% provost market pool
***Infrastructure financing
7
MICHIGAN STATE
UNIVERSITY
Financial Health
8
Multi-Year Perspective
• MSU has managed through the most difficult decade of economic
circumstances in its recent history
• Despite Michigan fiscal circumstances being more severe than in
surrounding states, MSU financial indicators approximate the Big Ten
median
• Reflective of prudent financial policies, a focus on costcontainment, and efficient operations
9
Economic Trends
• Federal fiscal policy suggests continued pressure to reduce “discretionary”
spending including research activities and possibly financial aid, next Sequester
deadline is January 15, 2014 with an estimated $20B impact
• In addition to the above, possible Medicare – Medicaid reimbursements
including support for graduate medical education at risk
• Federal Affordability of Care Act initiates most significant health care changes
in decades, potentially increasing baseline health care costs beginning in FY15
• Economy improving at state level, full spring back not anticipated
10
MSU Credit Rating and Debt
• MSU’s Aa1 long term credit rating reflects its overall financial strength
• Current external debt approximates $860M which includes $256M for Residential and
Hospitality Services and $56M for Athletics
• An additional $169M in short-term commercial paper to be repaid by internal units
• Other obligations include: Internal loans of $20.5M, Federal student loans of $38M, and
current leases totaling $44.3M
• Ongoing need to prioritize debt funded projects, manage debt capacity, debt service
availability, and ratings optimization … additional debt capacity of $300M to $500M available
within current rating, additional capacity at lesser ratings
11
Sufficient Working Capital & Liquidity
• Currently exceeds targeted liquidity level of $284 million
• Liquidity risk may exist if significant deviations from planned state or
federal allocations occur
• External line of credit established to optimize longer-term investment
strategy
12
Investment Performance & Endowment Status
• Over ten years, MSU investment performance ranks in the 16th percentile versus
national peers, most recent year performance at 12.1 percent ranks in the top
third
• Annual giving low in Big Ten but improving, donor based financial aid is lowest in
Big Ten, lags median by $20 million
• Endowment growth (includes return and annual giving) ranks 6th in Big Ten, total
endowment is noted at $1 Billion, and includes the Foundation at $327M
13
Peer Financials
• Combined tuition & fees and appropriations per student over $1,700 less than
Big Ten median, representing over $75M in annual revenue
• Contracts and grants received in immediate past year at $478 million (reflects
impact of Sequester), up 27 percent over 5 years
• FY12 research expenditures up $53M over previous year, at 11.6 percent reflects
the largest institutional increase across the Big Ten
14
MICHIGAN STATE
UNIVERSITY
Revenues
15
MICHIGAN STATE
UNIVERSITY
University Revenues
1989-1990 All Funds Revenue - $734M
Departmental,
$40, 6%
Other,
$14,
2%
Auxiliary, $121,
16%
Departmental,
$179, 8%
Tuition & Fees,
$134, 18%
Proportion of Revenue
Appropriations – 28%
Sponsored Program – 19%
Tuition– 18%
Auxiliary – 16%
Gifts – 6%
Auxiliary, $305,
13%
Tuition & Fees,
$697, 31%
Other, $158, 7%
Gifts , $44, 6%
Sponsored
Programs, $137,
19%
2012-13 All Funds Revenue - $2.3B
Appropriations,
$206, 28%
AgBio
Research/MSUE,
$38, 5%
Gifts , $215, 9%
Sponsored
Programs,
$434, 19%
Proportion of Revenue
Appropriations,
$245, 11%
AgBio
Research/MSUE,
$54, 2%
Tuition – 31%
Sponsored Program – 19%
Auxiliary – 13%
Appropriations – 11%
Gifts – 9%
16
MICHIGAN STATE
UNIVERSITY
State of the State
• Manufacturing job growth leads all states
• Added 221,00 private-sector jobs over 3 years
• Per capita income growth tied first in Great Lakes states
• Out migration trend halted, population up for first time since 2003-04
• Make Michigan a leader in STEM fields
17
MICHIGAN STATE
UNIVERSITY
State Issues
• There remains a negative view of universities in parts of the legislature –
assumption that our costs are out of control (Progress evident but not over)
• Continuing push on transferability of credits
• Continued efforts to micromanage several aspects of University activity –
including benefits for same-sex couples, stem cell research and faculty bias
• However, we are starting to see some recognition of the role the State has had
in raising the costs of education
18
MICHIGAN STATE
UNIVERSITY
Appropriation Trends
• Appropriations down 15% over last decade
• State appropriations approximate 20% of general fund budget
• Recent cycles have yielded modest increases ~1-2%
• Future year increases anticipated given consistent funding model formulations and
state economic performance
• Current state economic indicators anticipate a 2.9% increase to GF/GP in 2014 and
4.4% in fiscal 2015
19
MICHIGAN STATE
UNIVERSITY
Appropriations History
380,000,000
360,000,000
If increased at inflation, MSU
appropriations would be $120M
more than current levels
340,000,000
320,000,000
300,000,000
280,000,000
Appropriations down
$44M over 10 years
260,000,000
240,000,000
220,000,000
200,000,000
03-04
04-05
05-06
06-07
07-08
08-09
09-10
10-11
11-12
12-13
13-14
20
MICHIGAN STATE
UNIVERSITY
Performance Funding Model
• Continuation of Business Leaders for Michigan metrics and scaling
• Institutional Support as % of Core
• Undergraduate critical skills degrees
Expenses
• R&D Expenditures
• Total undergrad FYES (scaling)
• Graduation rate
• Continuation of tuition restraint provisions for resident undergraduate students,
particularly in the context of incremental state support
• Need to address variance in per FTE funding among State’s research universities
21
MICHIGAN STATE
UNIVERSITY
State Outlook
• State financially is recovering
• $900 Million Surplus
•
•
•
•
•
Big push for tax cut
Transportation $1 b shortfall
DCH $200 M shortfall
County winter budgets exhausted (salt, plows)
State pension liability growing
• Base funding for University expected to be >3% - but how much won’t be known until
Feb.
• Opportunities for initiative funding – Engineering Capacity, Autism, Ag
Processing/Workforce
22
Accelerating Growth for Michigan Food
and Agriculture
MICHIGAN STATE
UNIVERSITY
MSU Food Processing and Innovation Center (FPIC)
•
•
•
•
Space for high-growth companies to innovate, scale up and market new products/processes
State of the art USDA/FDA facility permits product and process development and finished products
Flexible production capabilities
Surveyed high-growth firms show interest in facility
Food Processing Workforce Development Program
• Partner with community colleges to establish 2-year training programs
• Revitalization of fruit and vegetable lab
Detroit Initiative for Advanced Food Processing and Export
• Phase I – Develop advanced-processing-and-export plan while strengthening existing city capacity
• Phase II- Implement and create state-of-art processing center
23
Accelerating Growth for Michigan Food
and Agriculture
Summary of Investments
FPIC (business plan & feasibility
study complete)
MICHIGAN STATE
UNIVERSITY
Total Capital
Costs
Leverage
One-time State
Appropriation
Recurring
Operating Request
$5.25 million
EDA $2.5 million
$2.75 million
-----*
$3.0 million
$3.0 million
$550,000
$2.0 million
$2.0 million
$500,000
-----
-----*
$7.75 million
$1,050,000
Workforce Program
(plan complete)
Detroit Initiative
 Phase I
 Phase II (first estimate)
Total
$15.0 million
$25.25 million
Private investors
24
MICHIGAN STATE
UNIVERSITY
Appropriation: “What if” Analysis
• Pro-forma FY15 MSU Budget projected a $17M revenue increase from a combination
of Appropriations at 2% ($2.5M X 2) and Resident Undergrad Tuition at 3% ($4M X 3)
Alternatives
• A 5% appropriation increase and tuition capped at 1% balances the proposal
• Caps at 2% and 3% would provide additional resources of $4M and $8M,
respectively
• A 4% appropriation increase and tuition capped at 1.75% balances the proposal.
• Caps at 2% and 3% would provide additional resources of $1M and $5M
respectively
25
MICHIGAN STATE
UNIVERSITY
Tuition and Fee Considerations
• Constrained ability to increase tuition and fee rates
• Public sensitivity to non-resident student mix
• Peer standing across dimensions
• Resident/NR tuition rates
• Residency mix
• Structure
26
MICHIGAN STATE
UNIVERSITY
Alternate Tuition Approaches
Improve existing incentives for accelerating time to degree
Accommodate increasing numbers of advance placement credit and student desire
to affiliate with a major sooner in academic career
Maintain economic opportunity for students to attain degrees in college of choice
Increase comparability of tuition and fee structure with peer institutions
27
Alternative Tuition Structure by Core vs
Professional and Other
MICHIGAN STATE
UNIVERSITY
Core Colleges
Arts & Letters
Nursing
Engineering
Natural Science
Social Science
UUD
Osteo Med
Music
Lyman Briggs
James Madison
RCAH
Comm Arts
Vet Med
Education
Business
Human Med
Agriculture
Core college model; includes “admit when ready” modification
28
MICHIGAN STATE
UNIVERSITY
Michigan Resources per Student
Revenue per Student
Revenue per Resident Student
Appropriation
Tuition
Total
Rank
Appropriation
Tuition
Total
Rank
Michigan State University
University of Michigan Ann Arbor
Wayne State University
$5,392
$6,265
$7,871
$17,363
$26,705
$13,983
$22,755
$32,969
$21,853
3
1
4
$6,522
$11,185
$8,778
$13,904
$16,074
$13,016
$20,426
$27,258
$21,794
4
1
3
Michigan Tech. University
Western Michigan University
$6,939
$4,552
$17,514
$12,069
$24,453
$16,621
2
6
$8,765
$5,087
$14,553
$11,077
$23,318
$16,164
2
6
Central Michigan University
Oakland University
$3,289
$2,693
$11,359
$12,508
$14,648
$15,201
12
9
$3,342
$2,751
$10,959
$12,227
$14,301
$14,978
12
9
Eastern Michigan University
Ferris State University
Grand Valley State University
Saginaw Valley State University
University of Michigan Dearborn
University of Michigan Flint
$3,621
$3,625
$2,489
$2,843
$3,325
$2,889
$11,286
$11,826
$11,810
$9,599
$14,072
$11,956
$14,907
$15,452
$14,299
$12,442
$17,398
$14,845
10
8
14
15
5
11
$3,862
$3,931
$2,643
$3,058
$3,584
$3,134
$10,211
$11,696
$11,546
$8,666
$12,962
$11,196
$14,073
$15,627
$14,189
$11,724
$16,546
$14,330
14
8
13
15
5
11
Northern Michigan University
$4,948
$9,564
$14,512
13
$5,991
$8,813
$14,803
10
Lake Superior State University
$5,383
$10,396
$15,778
7
$5,626
$10,199
$15,826
7
29
MICHIGAN STATE
UNIVERSITY
Estimated Big Ten Non-Resident
Undergraduate Enrollment %
60%
50%
40%
Big Ten Avg. 36%
30%
20%
10%
0%
University of Iowa
Fall 2012
Purdue University
University of
Wisconsin
University of
Michigan
Indiana University
University of
Minnesota
Ohio State
University
University of Illinois
University
* of
Nebraska
Michigan State
University
30
MICHIGAN STATE
UNIVERSITY
2012 Federal Budget Sources and Uses
Total Federal Budget Sources: $3.7T
Total Federal Budget Uses: $3.7T
[Defense R&D], $83, 2%
Borrowing, $1,033,
28%
Other Taxes (excise,
gas, estate, etc),
$218, 6%
Social Insturance and
Retirement (Payroll
Taxes), $914, 25%
Income Taxes,
$1,196, 32%
Defense
Discretionary, $647,
17%
Net Interest, $242,
7%
Other Mandatory,
$625, 17%
[Nondefense R&D],
$69, 2%
Nondefense
Discretionary, $542,
15%
Social Secuity, $761,
20%
Medicare, $485,
13%
Medicaid,
$269, 7%
Corporate Taxes,
$333, 9%
Source: American Association for the Advancement of Science
31
MICHIGAN STATE
UNIVERSITY
Status Update
• FY14 Omnibus Appropriations legislation for entire federal government passed the House of
Representatives by a vote of 359-67 on January 15.
• Senate passed the Omnibus on January 16 by a vote of 72-26.
• Omnibus funds all federal agencies, such as USDA and the National Science Foundation,
through the end of September 2014.
• Some relief from sequestration provided for FY14 and FY15 in the 2013 Bipartisan
Agreement Act
• Sequestration cap lifted by $63 billion ($45 billion in FY14 and $18 billion in FY15).
• Sequestration Cuts remain in place from FY16 to FY20.
32
MICHIGAN STATE
UNIVERSITY
Federal Discretionary Spending
33
MICHIGAN STATE
UNIVERSITY
Federal Budget Request: Research
Agency
FY12 Appropriation
Adjusted FY12
Appropriation
FINAL FY14
APPROPRIATION
Difference: FY14 to
Adjusted FY12
(Inflated to FY14)
National Science
Foundation
$7.03 B
$7.46 B
$7.2 B
-$0.26 B
Hatch Act
$236 m
$250.4 m
$243.7 m
-$6.7 m
Smith Lever
$294 m
$311.9 m
$300 m
-$11.9 m
Ag & Food
Research
Institute
$265 m
$281.1
$316
$35.9 m
USDA
34
MICHIGAN STATE
UNIVERSITY
Federal Budget Request: Research
Agency
FY12
Appropriation
Adjusted FY12
Appropriation
(Inflated to FY14)
FINAL FY14
APPROPRIATION
Difference: FY14 to
Adjusted FY12
NIH
$30.7 B
$32.6 B
$29.9
-$2.7 B
DOD Basic Research
$2.11 B
$2.2 B
$2.17 B
-$0.03 B
Energy
Office of Science
ARPA-E
$4.87 B
$275 m
$5.17 B
$291.7 m
$5.07B
$280 m
-$0.10 B
-11.7 m
$593.7 m
$629.9 m
$576.9 m
-$53 m
Education
Institute of Education Sciences
35
MICHIGAN STATE
UNIVERSITY
FRIB
Federal budget includes $55 Million for FRIB
State of Michigan Strategic Fund to induce
FRIB bonds for $91M on February 25
36
MICHIGAN STATE
UNIVERSITY
Pell Grants
Funded at last year’s level of $22.8 billion.
Increased mandatory spending will bump up the maximum award next year by $85 to
$5,730.
Number of recipients is expected to increase from 9.1 million to 9.3 million.
37
MICHIGAN STATE
UNIVERSITY
Graduate Programs
Department of Education
• Graduate Assistance in Areas of National Need (GAANN) and Javits Fellowship
funded $29.3 million – the same level as last year.
NSF
• EHR/Division of Graduate Education - $846 million ($13 million more than FY13)
• EHR/Alliances for Graduate Education - $7.84 million (the same as last year)
38
MICHIGAN STATE
UNIVERSITY
Next Steps
Department of Education
• Graduate Assistance in Areas of National Need (GAANN) and Javits Fellowship
funded $29.3 million – the same level as last year.
NSF
• EHR/Division of Graduate Education - $846 million ($13 million more than FY13)
• EHR/Alliances for Graduate Education - $7.84 million (the same as last year)
39
MICHIGAN STATE
UNIVERSITY
Expenses
40
MICHIGAN STATE
UNIVERSITY
Expense Considerations
• Financial Aid – Federal budget funding of high-need students, distribution of family
income, appropriate discounting
• Faculty salaries – Peer monitoring salary/compensation; Big Ten ranging upward
• Coalition salaries – Per contract
• Health Care – ACA impact and planning, continuation of 5% cost cap
• Utilities – Continuation of energy transition plan, commodities monitoring
• Research – Federal budget impact on grants and contracts
41
MICHIGAN STATE
UNIVERSITY
Total Student Assistance
2001-02 Student Assistance - $242M
Private,
$17,963,520,
7%
State,
$18,622,567,
8%
MSU,
$34,021,872,
14%
2012-13 Student Assistance - $625.3M
State,
$3,314,970, 1%
Private,
$54,221,752, 9%
Federal,
$172,154,612,
71%
MSU,
$146,185,777,
23%
Federal,
$421,619,726,
67%
Over the last five years, MSU has increased financial aid by 50% over the last five years, more than 2 times the increase to
resident undergraduate tuition rates
42
Financial Aid Rates of Change and
Tuition/Appropriation Rates of Change
MICHIGAN STATE
UNIVERSITY
20.00%
18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
2004-05
2005-06
2006-07
2007-08
2008-09
Financial Aid
2009-10
2010-11
2011-12
2012-13
2013-14
Weighted Rev Change
43
MICHIGAN STATE
UNIVERSITY
Family Income Distribution
1,600
1,400
2013
Five Year Average
1,200
1,000
# of Families
800
600
400
200
0
Adjusted to 2013 dollars
44
MICHIGAN STATE
UNIVERSITY
Significant Affordable Care Act Provisions
MSU Implications
Element
Cost Drivers: Shared responsibility
Timing
Increased costs
due to wider
eligibility
Est. $2.3M-$6.1M
2%-5% annual
increase
Mitigate employee
cost-sharing
FY15
Assessed for FY15FY16
$2.0M -$2.5M
Mitigate employee
cost-sharing
(Temporary levy on employer group
health plans)
Excise tax on “Cadillac” plans
40% tax applied to plans valued above
$10,200 (individual) and $27,500 (family)
MSU Costs
FY15
fees, individual insurance mandate,
expanded eligibility for MSU plans
Transitional Reinsurance Fee
Employee
Relations
2%-2.5% increase
Fee ranges between $60$100 per member
FY19
MSU exposure a
function of cost
increases
@6% annual growth,
$175K
Mitigate employee
cost-sharing
@8% growth, $1.6M
Other Notes: Other provisions include W-2 reporting, group health plan fees, preventative care additions, revised flex spending limits, auto
enrollment, and employer access to state exchange. In total, anticipated cost increases of $0.3M to $0.4M are anticipated.
45
MICHIGAN STATE
UNIVERSITY
2012-13 Big Ten Faculty Salaries
$160,000
$140,000
$120,000
Big Ten Median $106,245*
$100,000
$80,000
$60,000
$40,000
$20,000
$0
*Median does not include Northwestern
$101,564
46
MICHIGAN STATE
UNIVERSITY
2012-13 Big Ten Faculty Compensation
$200,000
$180,000
$160,000
Big Ten Median $135,344*
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
$135,344
*Median does not include Northwestern
47
MICHIGAN STATE
UNIVERSITY
2012-13 Big Ten Faculty Compensation
(Adjusted for post-retirement healthcare)
$200,000
$180,000
$160,000
Big Ten Median $133,852*
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
*Median does not include Northwestern
$133,214
48
MICHIGAN STATE
UNIVERSITY
2011-12 Big Ten RA Compensation
25,000
20,000
Big Ten Median $17,652
15,000
10,000
5,000
0
A
B
C
D
Michigan
State
E
F
G
H
I
$17,654
49
MICHIGAN STATE
UNIVERSITY
2011-12 Big Ten TA Compensation
$25,000
$20,000
Big Ten Median $16,426
$15,000
$10,000
$5,000
$0
A
B
C
Michigan State
D
E
F
G
H
I
$17,053
50
MICHIGAN STATE
UNIVERSITY
Background
51
Alternative Tuition Structure by Core vs
Professional and Other
College
Arts & Letters
CNS
CSS
UGE
UOE
Comm Arts & Sciences
Resident Heads
1,545
3,977
4,715
741
54
2,587
%
5.38%
13.84%
16.41%
2.58%
0.19%
9.00%
JM
LBC
RCAH
954
1,633
214
3.32%
5.68%
0.74%
Ag & Nat Resources
Broad College of Business
CVM
Education
Engineering
Music
Nursing
2,592
3,965
202
1,898
2,653
213
790
28,733
Total%
%
4.84%
12.91%
16.13%
2.49%
0.38%
8.92%
Total %
19.22%
35.63%
38.21%
38.39%
47.40%
Total Heads
1,695
4,520
5,646
873
134
3,124
50.72%
56.40%
57.15%
1,088
1,728
231
3.11%
4.94%
0.66%
48.79%
53.73%
54.39%
9.02%
13.80%
0.70%
6.61%
9.23%
0.74%
2.75%
2,916
6,189
224
2,116
3,418
282
822
8.33%
17.68%
0.64%
6.04%
9.76%
0.81%
2.35%
100%
35,005
100%
MICHIGAN STATE
UNIVERSITY
17.75%
33.88%
36.38%
36.76%
45.68%
52
MICHIGAN STATE
UNIVERSITY
Big Ten Resident Tuition & Cost of Attendance
MSU ranks 7th in the Big Ten for resident tuition and fees and 8th cost of
attendance
Resident Tuition & Fees
Northwestern University
Penn State University
University of Illinois
University of Michigan
University of Minnesota
Rutgers University
Michigan State University
University of Wisconsin
Indiana University
Ohio State University
Purdue University
University of Maryland
University of Iowa
University of Nebraska
$ 45,527
$ 16,992
$ 15,258
$ 13,997
$ 13,618
$ 13,465
$ 12,863
$ 10,609
$ 10,208
$ 10,010
$ 9,900
$ 9,161
$ 8,061
$ 7,984
Resident Cost of Attendance
Northwestern University
Penn State University
Rutgers University
University of Illinois
University of Michigan
Ohio State University
University of Minnesota
Michigan State University
University of Wisconsin
Indiana University
University of Maryland
Purdue University
University of Nebraska
University of Iowa
$63,193
$33,580
$29,770
$29,594
$27,095
$25,452
$25,124
$24,751
$24,144
$23,832
$23,733
$23,468
$21,700
$20,691
53
Big Ten Non-Resident Tuition & Cost of
Attendance
MICHIGAN STATE
UNIVERSITY
MSU ranks 3rd in the Big Ten for non-resident tuition and fees and 3rd cost of
attendance
Non-Resident Tuition & Fees
Northwestern University
University of Michigan
Michigan State University
Indiana University
University of Illinois
Penn State University
Purdue University
University of Maryland
Rutgers University
University of Iowa
University of Wisconsin
Ohio State University
University of Nebraska
University of Minnesota
$
45,527
$
41,811
$
33,750
$
32,350
$
29,640
$
29,566
$
28,702
$
28,347
$
27,184
$
26,931
$
26,863
$
25,726
$
20,734
$
19,868
Non-Resident Cost of Attendance
Northwestern University
University of Michigan
Michigan State University
Penn State University
Indiana University
University of Illinois
Rutgers University
University of Maryland
Purdue University
Ohio State University
University of Wisconsin
University of Iowa
University of Nebraska
University of Minnesota
In addition, MSU international students are assessed a $500 per semester fee
$63,193
$54,909
$46,292
$46,154
$45,974
$43,976
$43,490
$42,919
$42,480
$41,816
$41,034
$39,561
$34,450
$31,374
54
MICHIGAN STATE
UNIVERSITY
Student Debt
55
MICHIGAN STATE
UNIVERSITY
Big Ten Resources per Student
State
Michigan
Minnesota
Indiana
Illinois
Purdue
Ohio State
Iowa
Michigan State
Wisconsin
Nebraska
Tuition &
Total
Appropriation
Ranking
Fees
Ranking
Approp & Tuition
Ranking
$7,683
6
$24,956
1
$32,639
1
$12,578
1
$16,286
4
$28,864
2
$6,213
9
$18,281
2
$24,494
3
$6,806
$7,960
$7,954
$8,699
$6,449
$10,690
$5,066
7
4
5
3
8
2
10
$17,271
$15,918
$15,773
$14,721
$15,132
$10,741
$7,162
3
5
6
8
7
9
10
$24,077
$23,879
$23,727
$23,420
$21,581
$21,431
$12,228
4
5
6
7
8
9
10
Source: IPEDS 2010-11. Net of AES/CES component
56